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20121112
20121112
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raises taxes on high income people. his goal is to raise energy taxes on the middle class, not something mentioned during the campaign. >> grover, we're looking at a fiscal crisis here and a fiscal cliff. most of people are saying this is serious and we've got to have serious negotiations and everything has to be on the table. but you seem to be resisting that. what do you think happens if the fiscal cliff happens as a reality and this economy goes over the cliff? >> two things. the fiscal cliff is a tax increase of $500 billion. we had exactly the same scenario two years ago that we had today. obama huffed and puffed and threatened to let us go off the fiscal cliff. at the end of the day, cooler heads prevailed and all of the tax cuts were continued for two years. in 2011 obama said the world would end, we should pass around smelling salt. we got a debt ceiling agreement, we cut spending, didn't raise taxes. we didn't cut taxes as much as the republicans wanted. the ryan plan would have reduced obama's overspending by $6 trillion. we only got $2.5 trillion in restraint. that's a comprom
Search Results 0 to 1 of about 2 (some duplicates have been removed)

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